Archive for the 'Short Sales' Category

Short Sales Are Taking Over Las Vegas

According to new data released by Trulia, Las Vegas short sales are on the rise, and are quickly overtaking bank-owned home sales.  A remarkable 498 homes sold through the short sale process during the first half of June 2012, while only 434 homes owned by lenders sold and closed during the same time frame. What is happening?  Why are so many people jumping on the short sale bandwagon?

Mortgage Debt Relief Act Expiring

One of the most likely reasons for the rise in short sales in Las Vegas is that the Mortgage Debt Relief Act is set to expire on December 31, 2012.  While there… Read more »

Stop Foreclosure with a Short Sale or Deed in Lieu of Foreclosure

If you’re falling behind with your home loan, the best thing you can do is contact your bank right away to attempt and work out some kind of payment arrangement. If you wait till a notice of default has been filed, the loan company will probably be less likely to work out any arrangement with you. Should you speak to the lender in time, there is an excellent chance they will offer you a specific amount of time to have things up to date and stop foreclosure…. Read more »